Serious consideration was given by senior Shell EP execs to exploiting the tragic events of 9/11 for desperate commercial purposes – to cover-up investor deception about Shell’s claimed oil and gas reserves. Concern was expressed about the possibility of getting caught out telling Investor Relation “stories” regarding production growth and reserves replacement and what the likely punishment might be.
By John Donovan, first published 1st Feb 2013 (re-edited on 4 April 2019)
I stumbled across some shocking Shell internal email correspondence while searching the US Court files for class action litigation relating to the Shell oil and gas reserves scandal.
It involved senior Shell EP executives all reporting to Walter van de Vijver, Chief Executive of Shell Exploration and Production and a Group MD of the Royal Dutch Shell Group.
Serious consideration was given by senior Shell EP execs to exploiting the tragic events of 9/11 for desperate commercial purposes – to cover-up investor deception about Shell’s claimed oil and gas reserves. Concern was expressed about the possibility of getting caught out telling Investor Relation “stories” regarding production growth and reserves replacement and what the likely punishment might be.
